Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of
TL 12,799 at a TL 10.0 per share on December 1, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.41%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 17,066 in the price range of TL9.98 to TL10.0 per share on November 27, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.39%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 26,647 at a TL10.0 per share on November 26, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.38%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 5,597 in the price range of TL9.99 to TL10.0 per share on November 25, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.37%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 45,265 in the price range of TL9.90 to TL10.0 per share on November 24, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.37%.
Vestel Elektronik bought Vestel Beyaz Eşya shares from the market with a nominal value of TL 70,451 in the price range of TL9.61 to TL9.76 per share on November 20, 2014. Following the transaction, the Company's share in Vestel Beyaz Eşya reached 94.34%.
In accordance with the related Communiqué of Capital Markets Board, Vestel Elektronik Sanayi ve Ticaret A.Ş. applied to CMB today for the approval of the takeover and its merger with its fully owned subsidiary, Deksar Multimedya ve Telekomünikasyon A.Ş.
Standard and Poor's revised the outlook on Vestel Elektronik Sanayi ve Ticaret A.Ş. to positive from stable and affirmed 'B-' rating.The outlook revision reflects S&P’s view that the Company's operating performance could exceed their base-case expectations in 2015 thanks to lower volatility in earnings, improving profitability, and lower working capital outflows and S&P could raise the rating if they see continued improvement in Vestel's operating performance, notably in terms of profitability, reduction of working capital outflows and positive free cash flow generation.
Click here for the press release
Vestel Electronics reported total revenues of US$ 2,538 mn and net profit of US$ 36.3 mn in 9mth-14
Click here for 9mth-14 CMB financials.